Tips and Tricks for Proper Inventory Control – GL/Perpetual 

Summary:  This document explains how to help keep the Perpetual Inventory and G/L Accounts in balance when using Standard Costing or Actual Costing* in EIQ.   Many things can cause the G/L to drift out of balance from the Perpetual,  incorrect G/L setups, incorrect transactions in the system and not processing PIT transactions in a timely basis.  

Key Areas Covered:

1. Basic Setup on the G/L Side 
   
2. Inventory Item Setup
   
3. Labor and Overhead Setup
   
4. Transactions Processing
   
   1. Purchasing
      
   2. Production
      
      1. Assy1,2,3 
         
      2. Production Reporting
         
      3. PRA/PRW
         
         
         
   3. Manual Transactions
      
   4. Other Floor Transactions
      
      1. Receiving
         
      2. Shipping
         
         
         
5. Cost Roll Ups
   
   1. Raw Material
      
   2. Manufactured Goods
      
      
      
6. Good Practices